
Morning Trend | ZG GROUP-W Continues to Test Bottom, Are New Moves from Main Forces Coming?

ZG GROUP-W (6676.HK) tested the bottom repeatedly throughout the day on October 23rd, surrounded by FUD sentiment in the steel sector, with a laid-back atmosphere in the forums. In recent days, second-tier steel stocks have seen significant declines, but their bottom support capability has quietly strengthened. Each time the bottom is tested, there is a slight recovery in height, with bulls and bears wrestling at the bottom zone. As long as there is significant capital movement in the varieties, the steel theme can change rapidly into a surging market. Pay attention to the current bottom volume performance; if multiple large orders are triggered during the session, the short-term main force increasing positions can easily lead to a wave of rebound trading. It is not ruled out that the main force may "counter-buy at the bottom" and quickly take control, with the downward window being a short-term opportunity point. It is recommended that experts hold the bottom line firmly, buy in batches at low prices, and focus on the rhythm of volume increase; missing out on rebounds could mean missing the market
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